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Friday, September 04, 2015

CFC leaders confident in employees' charitable donations: "Employees have donated less money over the past few years, with sequestration and the 2013 government shutdown taking a big toll. Between 2009 and 2012, Washington-area employees contributed about $60 million a year to the CFC. But in 2013, donations dropped to $51.2 million.

CFC National Capital Chairman Vince Micone said the National Capital Region donated about $49.5 million in 2014, another slight drop. This year, he said, the goal is to raise about $50 million."

Some of the largest philanthropic gifts included a $20 million grant given to the Duke Global Health Institute from the Bill & Melinda Gates Foundation to address diseases like HIV/AIDS and cancer, along with a $13 million contribution to the athletics department from Steve Brooks, Trinity '70 and president and CEO of the Phoenix American Insurance Group. As a result of Brooks' donation, the football field at Wallace Wade Stadium was renamed Brooks Field."

But a $35 million gift to CMU announced Tuesday — the biggest corporate donation in the school’s history — was made not by a domestic company but by Tata Consultancy Services, a global enterprise based halfway around the world in India."

Stakeholder Group Delivers Cash to Sweet Briar—And More Than Was Pledged! | Nonprofit Quarterly: "As part of that agreement, Saving Sweet Briar, which had been fundraising for just such an occasion, was to put $12 million toward this year’s operation, with another $16 million to be taken from the endowment. The payments were to be made in three installments, with the last of $3.5 million scheduled for today—and yesterday, SSB announced that not only would the money be wired to the college’s account at noon, but Mary Pope Hutson, chair of the Major Donor Task Force, says that the payment will be more than what was agreed upon."

Tuesday, September 01, 2015

Nonprofit Offices Starting To Look A Lot Like For-Profits | Bisnow: "But less square footage isn't a negative trend. The report, which included charitable organizations and trade associations nationwide, says fewer nonprofits are cutting costs and about half report 1% to 5% growth this year. They're hiring more staff as they create new programs or relaunch ones put on hold during the recession. Nearly half of them said they've expanded their office space over the past three years. We recently reported about how the American Psychiatric Association chose its new space at The Wharf in DC (above)."

Mormon Church Stays With Boy Scouts Despite End to Gay Ban - The Chronicle of Philanthropy: "The Church of Jesus Christ of Latter-day Saints said Wednesday that it will maintain its affiliation with the Boy Scouts of America, averting what could have been a major blow to the youth organization, the Associated Press and The New York Times report. Mormon leaders had raised the prospect of severing the church's longstanding links to scouting last month after the national nonprofit lifted a ban on openly gay adults serving as troop leaders."